A project manager is using the payback method to make the final decision on which project to undertake. What is the non-discounted payback of a project that has cash flows as shown in the table? Make calculations to 3 decimal points. The answer should be given with three decimal points. The Payback period is _________ years. What is the rate of return? (3 marks) Year Cash Flow 0 -$300,000 1 $60,000 2 $70,000 3 $120,000 4 $200,000